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Discuss the relations between microfinance and the globalization project and, especially, neoliberalism. How does microfinance in...

Discuss the relations between microfinance and the globalization project and, especially, neoliberalism. How does microfinance in India reinforce class, patriarchy, and other kinds of social relations?

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Microfinance in India helps oenetrate rural and semi urban banking and helps reach out bottim of pyramid through seamless paperwork and easy credit availability making sure credit proliferation is maximised and all classes and socio economic groups are on same levels playing field.

It help rural firms get enough capital expenditure to exoand domestically and eventually globally as Microfinance banks are largely tied up woth bigger nationalised banks and good balance sheet and cash flow helps them lend larger proportion of loans which gets invested. This propells globalisation to large extent as entire credit chain gets interlinked and correlated.

Neoliberalism in other words free market capitalism is promoted which is driven by supply demand dynamics and thus globalisation helps facilitate neoliberalism as firms create demand and supply which manouvres prices kf goods.

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